RENEWABLE ENERGY CAPITAL & PROJECT MANAGEMENT

Transcription

1 BEST PRACTICE RENEWABLE ENERGY CAPITAL & PROJECT MANAGEMENT Expert Curse Faculty Mr Kasper Walet Organised By pweredge

2 Curse Overview The speed f renewable energy adptin and its ultimate market share will largely depend n its ecnmic viability; subsidies and indirect factrs, such as carbn csts. Hwever this alne will nt be sufficient t drive grwth in the lng term. With n fuel csts and relatively lw peratins and maintenance (O&M) csts, upfrnt capital csts have the single greatest impact n the prfitability f renewable pwer generatin. The ability t manage new cnstructin prjects n budget and n time is a critical factr in determining the cst cmpetitiveness f renewable energy. Fr example, initial capital csts fr a slar phtvltaic (PV) plant exceed all ther lifecycle csts by rughly a factr f three t five. In particular, the ability t manage the technlgy supply market and surce generatin capacity at the lwest ttal cst f wnership is becming a key differentiatr. Traditinal prject management tls and techniques assist in selecting the ptimum capital prject prtfli and executing the prjects mre effectively. Many rganizatins have these imbedded int their wrk appraches but implement them prly r incnsistently, which has resulted in prjects being pushed thrugh the apprval prcess with ill-cnceived scpes f wrk, pr executin plans and less than accurate cst and schedule expectatins. The final results have been less than satisfactry because f the numerus prject changes encuntered during the prject executin and cnstant cnflict with management and cntractrs. Fr the Asian renewable energy sectr there are valuable lessns t be learned frm successes in large and cmplex prjects utside the renewable energy industry. This wuld allw yu t develp yur strategy arund the value-added lessns in planning, resurcing, implementatin and executin f future renewable pwer capital prjects. During this highly interactive training curse built with several real life cases, examples and exercises we will discuss in-depth abut hw yur renewable energy prject can take advantage f the lessns acquired frm ther prjects in dealing with cmplex and capital intensive issues. Practical Case Studies and Exercises - During this training curse several real life case studies, examples and exercises will be presented and discussed as well as several templates that the participants culd use fr their wn Capital and Prject management will be made available Curse Learning Outcme Leverage n current glbal practices in capital and prject management cncepts t further explit yur current and future renewable energy prjects Appreciate and understand the structured applicatin and treatment f capital in prjects and the setting-up f system t supprt successful renewable energy prjects Learn and examine prject cntrls and risk management systems in ensuring prper gvernance Acquire a detailed understanding in the setting-up a Prject Management Office (PMO) with specific applicatin fr the renewable energy industry Discver and explit lessns learned frm past renewable energy capital and prject management cases t further slidify yur future strategy Wh Shuld Attend Prfessinals frm the renewable energy, electricity and gas industries, regulatry bdies, gvernment, banks, brkers, lawyers, cnsultants, industry advisrs CFOs, SVPs/VPs/Directrs and Managers f Generatin, Asset Management, Asset Services, Asset Optimizatin / Valuatin, Acquisitins/Divestitures, Operatins & Maintenance, Equipment Reliability, Plant Manager, Pwer Plant Prjects Manager and majr energy users.

3 3 day Curse Outline Why Capital and Prject Management Matter Cnstructin budget perfrmance Significant impact Capital csts n the lifecycle ecnmics f a plant Relative Capital Csts f 20 generating technlgies impact f changing capital csts per kilwatt fr different renewable technlgies Schedule perfrmance Capital Prject Management Typical reasns fr cst and schedule verruns Regulatry-driven changes and delays Licensing challenges Rising cmmdity prices Prject management Cst estimatin Key Drivers Capital Prject Perfrmance Renewable Prjects Scpe Definitin and Prject Strategy Cst and Schedule Estimatin Prject Executin 7 Key practices Capital Prgram Management Prtfli Apprach Integrated Teams Skills and Capabilities Cst versus Schedule Managing Cmplexity Prcurement Practices Cntingency Mdelling Implicatins fr New Renewable Prjects Learn and adpt lessns frm ther industries and rganizatins Well executed large capital investments Operatinal excellence Risks and Challenges New Technlgy System Cmplexity Increasing expectatins fr Operating Perfrmance Shrtage f experienced and skilled resurces Industry Prject Management Best Practices Capital Prject Delivery Prcess Frmal Prject Reviews/Apprvals Cnsistent Prject Apprach Prject Executin Planning (PEP) Radmap Prject schedule Resurces Regulatry cmpliance Issues Prject staffing Prject cntrl plan Cmmissining/start-up details Individual Plans Engineering/cnstructin cntractr Supplier/vendr Supprt cnsultant Overall master PEP Prject Cntrl Systems Risk Management Prject Scpe, Cst Schedule Change status Practively frecast prject deviatins The Integrated Prject Cntrls Prcess Ptential prject executin risks Typical risk management steps Risk management planning Risk identificatin Qualitative risk analysis Quantitative risk analysis Risk respnse planning Risk mnitring and cntrl Risk Classificatin Prbability f severity f ccurrence Definitin Risk Respnse Avidance Partial r full transfer Mitigatin Acceptance Rle Prject (Risk) Manager Cmmunicatin with executin cntractrs

4 Effective Staffing Availability f experienced, qualified human resurces Educatin FACULTY LEADER KASPER WALET What is a Prject Management Office (PMO) What is a PMO Respnsibility f the PMO Prject management supprt.: Maintain prject management standards and prcedures Prviding templates fr prject reprts Establish a library f best practices and lesssn learnde frm past prjects Prviding sftware Missin PMO PMO bjective Rle PMO in rganizatin PMO infrmatin structures PMO prcesses Master plan, Resurce plan, Financial frecast Prject Life-cycle management Prject Prtfli management Supprt functins 8 Fundamental Supprt prcesses Final Case study Prcesses and infrmatin systems management; Measurement prcess; Change management; Prcurement management; Quality assurance Administrative supprt; Prject accunting; Human-resurces management Establishing a Prject Management Office (PMO) fr a pwer cmpany with hydr, wind and slar prjects. Kasper Walet has 25 years f experience and extensive knwledge n a practical and theretical level abut all the aspects related t trading, derivatives and risk management in the cmmdity industry. Kasper received his Masters degree in Law frm the University f Utrecht in He started his career at the NLKKAS, the Clearing Huse f the Cmmdity Futures Exchange in Amsterdam. After wrking fr the NLKKAS fr five years, Kasper was appinted as Member f the Management Bard f the Agricultural Futures Exchange (ATA) in Amsterdam at the age f 31. While wrking fr the Clearing Huse and exchange, Kasper became an expert in all the aspects f trading and risk management f cmmdities. In 1997 he funded his wn specialist-cnsulting firm that prvides strategic advice abut (energy) cmmdity trading and risk management. Kasper has advised gvernment agencies such as the Eurpean Cmmissin, investment banks, majr utilities and cmmdity trading cmpanies and varius exchanges in Eurpe, CEE cuntries, Nrth America and Asia. Sme f the issues he has advised n are the develpment and implementatin f a Risk Management Framewrk, investment strategies, trading and hedging strategies, initiatin f Pwer Exchanges (APX) and ther trading platfrms, the set-up f (OTC) Clearing facilities, and feasibility and market studies like fr the LNG and the Carbn Market. Kasper has presented wrkshp sessins abut bth the physical and financial trading and risk management aspects f cmmdity and carbn prducts. These curses were prvided t cmpanies acrss the wrld, in cuntries like Japan, Singapre, Thailand, United Kingdm, Germany, Pland, Slvenia, Czech Republic, Malaysia, China, India, Belgium and the Netherlands. In the area f LNG in particular, Kasper prvided cnsultancy and training services t LNG and gas cmpanies like Malaysia LNG, and ther energy cmpanies and investment banks. He als cmpleted an extensive feasibility study fr a Eurpean exchange fr the pssibility t list LNG derivative cntracts. Kasper has published several articles in specialist magazines such as Cmmdities Nw and Energy Risk and he is the c-authr f a bk called A Guide t Emissins Trading: Risk Management and Business Implicatins, published by Risk Bks in Kasper will becme a lecturer at the Hult Internatinal Business Schl in 2011.

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